C&J Energy Services (C&J Energy Services) Sloan Ratio % : -27.10% (As of Jun. 2019)

C&J Energy Services Sloan Ratio % Chart

C&J Energy Services Annual Data
	Trend	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18
Sloan Ratio %		Get a 7-Day Free Trial					14.29	-6.84	-59.48	18.53	-13.75

C&J Energy Services Quarterly Data
	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19
Sloan Ratio %	Get a 7-Day Free Trial															15.01	13.65	-13.75	-15.52	-27.10

Competitive Comparison of C&J Energy Services's Sloan Ratio %

For the Oil & Gas Equipment & Services subindustry, C&J Energy Services's Sloan Ratio %, along with its competitors' market caps and Sloan Ratio % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

C&J Energy Services's Sloan Ratio % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, C&J Energy Services's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where C&J Energy Services's Sloan Ratio % falls into.

C&J Energy Services Sloan Ratio % Calculation

Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.

C&J Energy Services's Sloan Ratio for the fiscal year that ended in Dec. 2018 is calculated as

C&J Energy Services's Sloan Ratio for the quarter that ended in Jun. 2019 is calculated as

C&J Energy Services's Net Income for the trailing twelve months (TTM) ended in Jun. 2019 was 10.433 (Sep. 2018 ) + -189.527 (Dec. 2018 ) + -23.573 (Mar. 2019 ) + -110.306 (Jun. 2019 ) = $-313 Mil.
C&J Energy Services's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2019 was 65.57 (Sep. 2018 ) + 141.767 (Dec. 2018 ) + 4.737 (Mar. 2019 ) + 66.668 (Jun. 2019 ) = $279 Mil.
C&J Energy Services's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2019 was -78.956 (Sep. 2018 ) + -63.776 (Dec. 2018 ) + -47.437 (Mar. 2019 ) + -41.075 (Jun. 2019 ) = $-231 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

C&J Energy Services  (NYSE:CJ) Sloan Ratio % Explanation

A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.

According to How to Beat the Market with the Sloan Ratio:

If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.

If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.

If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.

As of Jun. 2019, C&J Energy Services has a Sloan Ratio of -27.10%, indicating there is a warning stage of accrual build up.

C&J Energy Services Sloan Ratio % Related Terms

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C&J Energy Services (C&J Energy Services) Business Description